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Private Sector Banks Hold Dominance Over Credit Cards; Debit Cards Find Forte Within Public Banks

  • Private sector banks hold dominance over credit cards, while debit cards find forte within public banks.
  • As of November, public sector banks are the largest issuers of debit cards, while private banks lead in issuing credit cards.
  • HDFC Bank holds the largest market share in credit cards, followed by State Bank of India. ICICI Bank is the second biggest in terms of card holding.
  • Debit cards continue to be a crucial payment tool, with public sector banks leading the market share in terms of number of debit cards.

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